NEWSLETTER #5
June/2018)

CONTACT:
Tina@shortmetina.com
Support@shortmetina.com
*Newsletter #6 (July/2018) will be released 7/8/2018*
Hello and thanks again for tuning in.  Once again, our aim with this newsletter is to update you monthly on all things relevant impacting this new space, as well as some technical analysis. 
(The content is purposely kept short, we want to provide information in contained soundbites)
SOME GOOD THINGS THAT HAPPENED IN CRYPTO THIS WEEK:
  1. Binance gets Maltese bank account
  2. SEC says Bitcoin is not a security
  3. Fidelity looking to get into Cryptocurrencies
DO YOU LIKE ART?  WANT TO OWN A 'PIECE' (LITERALLY)
$5.6 MILLION Andy Warhol piece to be sold for partial ownership via blockchain.
Research, Research, Research. Do your homework on the coin (s) you decide to invest in and if you don't care to do the work, just buy the popular currencies.  ​
DIVERSIFY YOUR PORTFOLIO

With more than 1500 coins, tokens, etc.,and more hitting the market every month, it's hard to determine which will emerge as the leader(s) in the space.  Given the above; diversifying your crypto portfolio makes a ton of sense.  As I build my crypto portfolio; monies will be concentrated to my list of top 10s or top 20s.
INDEXING
Coinbase is creating an index fund. As of current; the Index fund is only comprised of the four largest cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash and Litecoin).  Expect the fund to go live in a few months.  If you want to invest; feel free to sign up here. 
WHAT DID I BUY?

"Since our last Newsletter, I've made zero purchases.  I continue to HODL and await better entries.  I am still a bit skeptical of this recent run-up.  I do hope I am wrong but a significant drop wouldn't surprise me". -Quote from last month's (May/2018) Newsletter. 

Technical Analysis

Picture
(Image May/2018)
Picture
(Image June/2018)
BTC/USD
  • If you're new to this Newsletter, do understand that my bull thesis for Bitcoin is a longer term outlook. 
  • In the shorter and intermediate term; I fully expect rallies and sharp downtrend movements.
  • As a skilled chart reader, you can consistently make money trading the technicals.
  • If you look at the chart above; although Bitcoin appeared to be in rally mode, I was rather optimistically cautious.  I indicated; there was a strong possibility of a pullback to the $8k level.  This in fact happened and as of current; Bitcoin is trading around 7k. 
  • Based on my analysis currently; I think we may see more Bitcoin downside. 
  • Pay attention to the $6500 level; if we breach that, a spiral to $4500-$5000 isn't far behind. 
  • Again; it appears as though an inverted cup & handle pattern is emerging on the shorter term time frame. 
  • Note; I am bearish in the shorter term and expect Bitcoin to drift lower. 
Picture
(click on image to ENLARGE)
ETH/USD
  • Similar to Bitcoin; it appears as though an inverted cup & handle pattern is emerging on Ethereum's shorter term frame.
  • As stated in previous Newsletters; $400 is major support. 
  • If you had purchased the April/2018 dip to the $400s; you would have quickly seen a 100% pop within this coin.
  • If you're looking to trade this coin; I would continue to buy the $400 print.  Doing such has worked thus far.
  • Again; bearish in the shorter term. 
Picture
(click on image to ENLARGE)
LTC/USD
  • Litecoin, similar to the other coins, continue to put in 'lower highs'.  This is partially what happens when a 'coin' or 'stock' is in a downtrend. 
  • Litecoin is sitting in the low $100s and while I see a dip lower; I think we are hovering around an area most folks are comfortable with. 
  • A break below $100, however, can cause massive selling. 
  • Continue to pay attention if you're a holder of Litecoin. 
Picture
(click on image to ENLARGE)
XRP/USD
  • Oddly enough; there seems to be a bullish pattern emerging with Ripple.
  • If we can hold around the .50-.60 level; I can see a  potential double from here.

Game Plan
(first published in Newsletter 1)


  • Decide what I can actually afford to invest in the space without becoming homeless (this protects me if the Crypto market turns out to be nothing but hog wash).
  • As a general rule of thumb; I wouldn't invest more than 10% of my savings.  For example; if I had $250k saved in the bank; $25,000 would be the MAX commitment.  That way if the market goes south and all my coins become worthless; I still have $225,000 to roll with. 
  • Continue deploying money into the crypto currency space in phases.  Phase 1 started around November/2017.
  • Deployment of capital will take place as coins near their support areas (hoping to complete my total purchases in 4 phases).
  • If this is anything like the stock market (which I've participated in for almost 2 decades); the more negative the press, the more likely these coins have a chance of succeeding. 
  • Remind myself to stay away from calling 'tops' or 'bottoms'.  
  • Add to position in phases; take some off the top as I see fit (this depends on your profit targets).
  • Remind myself to Hodl! 
  • Remind myself, this is a new space and the kinks will continue to get worked out. 
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DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose.